Both tenements contain multiple gravity low targets which are currently under-explored;
- Close proximity to Blair Athol and Clermont Mines;
- Along strike from Rio Tinto’s Valeria Asset (located 14 km SE);
- Good access to infrastructure;
- Vitrinite exploration nearby has shown gravity low targets correlate well with coal deposits;
- Potential for discovery of coking coal similar to nearby Karin Basin.
The Wolfang tenements are held 100% by Vitrinite Pty Ltd and were acquired on the 30th of August 2016.
The area is prospective for structurally controlled coal deposits like the Wolfang Basin (Clermont mine), the Diamond Creek Deposit and the Moorlands Project. Gravity lows over the asset present attractive targets for further exploration.
Vitrinite is currently planning an infill ground gravity or airborne geophysical survey over the area to increase the resolution of regional gravity data. This will assist in targeting discreet gravity lows for investigation by drilling.
The Wolfang asset is located on the western edge of the Bowen Basin within the Capella Block and the Springsure Shelf which is characterised by Permian sediments. The area is mapped as Late Permian Back Creek Group, Anakie Metamorphic Group and Silver Hill Volcanics. Local intrusions include the Retreat Supersuite as well as the more recent Peak Range Intrusives.
Quality of coals from projects in this area (Clermont, Blair Athol, Valeria & Karin Basin) range from Thermal to Coking coal. Seams can be exceptionally thick and clean similar to the deposits at Blair Athol and Clermont mines. The Wolfang asset is also along strike of the Valeria Project which is known to contain a coking product.